Texas Instruments (TXN) Positioned to Ride Volatility in Semis – Analyst

June 8, 2012 10:42 AM EDT Send to a Friend
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Price: $48.66 -0.18%

Rating Summary:
    15 Buy, 22 Hold, 5 Sell

Rating Trend: Up Up

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As Texas Instruments (NASDAQ: TXN) is set to hold its mid-quarter update on Monday, analysts at Williams Financial made comments in support of their Buy rating on the semiconductor stock.

Williams analysts warned that outlook for industrial activity will be cautious, but wireless activity should improve. Texas Instruments is less exposed to the PC market, and as a result they should be in a good position to ride out volatility in the sector.

“While the semiconductor industry is directly tied to what feels to be a softening global economic trend, we believe TXN is among the best positioned chip companies” stated a Williams analyst.

“We believe TXN is gaining share in analog and embedded processing and has inexpensive leading edge capacity that will drive margins as demand improves.”

TXN guided Q2 revenue at $3.22-$3.48 billion, with a mid-point of $3.35 billion. EPS is expected to be $0.33-$0.38, with a mid-point of $0.36.

Williams Financial Group maintained their Buy Texas Instruments.

For an analyst ratings summary and ratings history on Texas Instruments click here. For more ratings news on Texas Instruments click here.

Shares of Texas Instruments closed at $28.23 yesterday.




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